Statistics

Welcome to A/R  You will find this is a great place to network.

Welcome to Active Rain!

Did you post this to Localism?  If not, be sure to take advantage of that great opportunity for free advertising with the public. 

Thanks Peter and Margaret.

It's very exciting to see how many professionals out there are willing to exchange success and war stories with others. It's amazing! So much to read and learn!

Margaret: Yes. I posted Danbury's statistics in Localism. After reading your comment I went to review it and I found that the posting lost its formatting. I will find out if I can create a table and post it again.

Have a great week!

Nestor

HI Nestor.  I just wanted to welcome you to the Rain!  I hope you enjoy it here and keep blogging!

I’d like to personally welcome you to ActiveRain!  I think you’ll find this to be a very warm and giving network.

 

I’d like to suggest that you take a moment and make sure your profile is complete.  From your picture, to the contact info, to the description, to the testimonials!  Make sure it is all complete and to your liking.

 

Next, check out and bookmark the ActiveRain Community Resource Post

I say “bookmark it” as you’ll find yourself searching again and again for this single informative post.

 

 

Then check out some of the groups specifically designed to help you here in ActiveRain.

I’ll give you two to start with:

The Active Rain Newbies and the Practice Here! Groups.

Read the directions for each group and feel free to ask plenty of questions.

 

Michelle DeRepentigny wrote “A Newbie Guide To Choosing Groups ”

Kelli Fronabarger wrote “What have you learned from Active Rain ? ? ?”

 

There are so many people here willing to help!

Congratulations on your first post, and welcome to ActiveRain!

Thanks Mike. I want to learn and be able to contribute to this network. It is amazing the amount of information and the kindness in this site.

Best,

Nestor

These three towns, as in most of the country, are showing a reduced number of SOLD properties compared to one year ago.
As we all know, the Real Estate market is cyclical as it is the economy, politics, the seasons...., and in this particular scenario, it is about LOCATION. As you well know, it's about the address, and some towns saw their real estate prices going higher and earlier than others a couple of years ago. The same is happening with the so called "price adjustment" or "market adjustment". Some towns have reduced (normalized) their prices earlier than others:

We can see that in Stamford, there have been 41.70% less SOLD Single Family properties between Jan.10 and July 10 this year than one year ago during the same period.

Stamford is the only town/city of the three compared here that shows an increase in Sale Price in Condominiums (+0.84%), while Danbury is the only one showing an increase in Sale Price in Single Family dwellings (+1.89%), while Norwalk presents a price reduction of 13.57%.
In other words, Single Family homes sold during the last 180 days in Norwalk are being sold for 13.57% less than those homes sold in the first semester of 2006.

In Danbury, numbers tell us that even though it is taking in average more days to sell, the asking prices have been adjusted and the final sale price is aprox. the same percentage below the asking price: 2.85% vs. 2.98% shown one year ago. I expected to see a much larger difference, but, even though it is said that this is a Buyer's Market and buyers can get better deals, the difference is just 0.13%.


In Norwalk, we can see that buyers are closing their deals at 3.41% and 2.44% under the last listed price (SF and Condominiums respectively). Condominiums, in particular, are staying in the market for around 30% more time than one year ago, in average 90 days.

The source of these figures is the CT-MLS (Connecticut, Multiple Listing System).
The periods studied were Jan.10-Jul.10(2006) and Jan.10-Jul.10(2007).

Nestor N. Romero
Buyer's Capital

http://www.homesbynestor.com